RVNL gains on emerging as lowest bidder for North Eastern Railway project
Rail Vikas Nigam is currently trading at Rs. 331.90, up by 1.85 points or 0.56% from its previous closing of Rs. 330.05 on the BSE.
The scrip opened at Rs. 332.40 and has touched a high and low of Rs. 333.30 and Rs. 330.70 respectively. So far 74562 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 501.55 on 01-Feb-2025 and a 52 week low of Rs. 295.25 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 335.00 and Rs. 328.10 respectively. The current market cap of the company is Rs. 69191.39 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 11.07% and 16.09% respectively.
Rail Vikas Nigam (RVNL) has been emerged as the Lowest Bidder (L1) from North Eastern Railway for Construction of substructure of Important Bridge No. 50 (14x61.0 m) with Double D type well foundation for double line with RDSO 25 T Axel loading standard over river Gandak between Paniyahwa - Valmikinagar station in connection with Doubling work between Gorakhpur Cantt- Valmikinagar section of North Eastern Railway. The project cost is Rs 165.55 crore (Incl. GST). The said order is to be executed within 24 months.
Rail Vikas Nigam functions as an extended arm of the Ministry of Railways. The company is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.
